155 Banning Street
Court / Cumberland, Thunder Bay, P7B 3J2
FOR SALE
$449,900
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Property Description
Attention investors! Welcome to 155 Banning Street, a rock-solid multi-unit property offering an incredible, hassle-free addition to your real estate portfolio. This low-maintenance triplex features three spacious, fully occupied units, including one 1-bedroom layout and two 2-bedroom layouts. Extensively updated throughout, the property showcases modern finishes, bright living spaces, and contemporary updates that ensure high tenant satisfaction and reliable rental income from day one. Situated in a central, convenient neighbourhood close to local amenities, public transit, and shopping, this property is perfectly is perfectly poisitioned for long term growth and consistent demand. With all units currently rented to stable tenants, there is absolutely nothing left to do but take over collection and enjoy immediate cash flow. Don't miss out on this pristine, turnkey opportunity in Thunder Bay. Unit A Rent $1575 / month Unit B Rent $2091 / month Unit C Rent $1330 / month
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Property Features
Other, Other
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Property Details
Address
155 Banning Street
Community
City
Postal Code
P7B 3J2
Property Type
Multiplex, Multiplex
Days On Market
2
Zoning
Urban Low Rise Zone
Lot Size
33' x 123'
Taxes
$3,471 (2026
Basement
Full
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Re/Max Generations Realty
LIVE IN ONE UNIT - LET THE OTHER TWO PAY YOUR MORTGAGE! Affordable, professionally managed, legal, 3-unit residential property in good rental area with off street parking (1@3Bed, 1@1Bed, 1@Bach). Live in one unit and offset your mortgage and living expenses with rental income from the other two units. Three well-maintained units are showcased in the photos (fully occupied), and recent capital improvements including roof and mechanical updates reduce near-term risk. Residential financing options are available for 3-unit properties, making this an easy entry into income property ownership. All inclusive rents offer attractive, steady tenant demand. Whether you’re looking to house-hack or expand your portfolio, this property offers flexibility and long-term upside potential! Call or text today to schedule a private showing.
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